Hezbollah-Linked Charity Under Scrutiny After Cyber Attack Exposes Illegal Money Laundering Operations in Lebanon

Hezbollah’s Money Trail Uncovered: Gold Bars and Suitcases Buried in the Ground

In December 2020, a group of hackers known as SpiderZ launched a mysterious attack on Lebanon, targeting al-Qard al-Hasan, a semi-banking financial institution that operates under the guise of charity and community fundraising for the Shia community in Lebanon. The hack exposed the true nature of the association’s activities and its links to Hezbollah, a terrorist organization.

The attack revealed documents that shed light on the association’s operations and its ties to Hezbollah. The hackers sent private messages to customers urging them to withdraw their money and stop paying their loans before it was too late. The CEO of al-Qard Al-Hassan, Adel Mansour, a veteran Hezbollah financier, described the attack as an “intelligence attack” or “a foreign intelligence organization.”

The al-Qard al-Hassan Association was established in 1982 as “The House of Muslim Finance,” providing loans on a small scale for changing needs. Its main sources of funding are commissions paid by borrowers, joining fees, subscription fees, and donations. Despite not having an official website, the association has developed a network of money smuggling to evade American sanctions. Its method of transferring funds is carried out in cash and crypto and through criminal networks that generate hundreds of millions of dollars each year.

The Lebanese economy has been struggling for years, with more than 80% of its residents living below the poverty line. The same crisis led to inflation and economic collapse that later came the coronavirus pandemic and explosion in Beirut’s port in August 2020. This economic turmoil created a need for food stamps and interest-free loans that al-Karch al-Hassan answered with its services. With Hezbollah’s support, the association was able to stay afloat during this difficult period and provide much needed relief to those in need.

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